The Association of Gaming Equipment Manufacturers (AGEM) Index plummeted by 156.39 points in March 2020 to 312.52 points, a 33.4 percent decline from February 2020. Twelve of the 13 AGEM Index companies reported significant declines of their stock prices, as global markets reacted to gaming industry shutdowns, historic unemployment claims, and a widening economic freeze due to the COVID-19 pandemic.
The stock price for Aristocrat Leisure Limited dropped by 35.5 percent, accounting for an 83.03-point decrease in the AGEM Index, while Crane Co. experienced a 27.6 percent stock price drop that led to an index contribution of negative 20.32 points.
The AGEM Index comprises 13 gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange.
The AGEM Index is produced monthly for the organization by the Las Vegas-based Applied Analysis, an advisory services firm that provides consultation services for public and private entities in economics, information technology and finance.
